Wells Fargo Housing Foundation
Awards $15,000 Grant to TSAHC
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Pictured from left to right: Jerry Romero, TSAHC Board Member/Wells Fargo Vice President, Community Relations; Theresa Alvarez, Wells Fargo Senior Vice President of Community Relations; David Long, TSAHC President; and Jason Wolfe, Wells Fargo Branch Manager
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TSAHC would like to recognize the
Wells Fargo Housing Foundation
for their generous $15,000 grant to support
Housing Connection
, our training initiative for nonprofit housing organizations. Their investment will support a week-long training workshop in June 2019 to be hosted at the Federal Reserve Bank of Dallas.
With this grant, the Wells Fargo Housing Foundation is helping strengthen Texas’ nonprofit network to ensure nonprofits can continue to provide high quality housing and financial education to Texas families. We want to thank the Wells Fargo Housing Foundation for their continued support!
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Applications Still Open for
HEART Program Grants
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The HEART program, created by TSAHC and Enterprise Community Partners, provides grants of up to $50,000 and technical assistance to nonprofits providing housing assistance to families displaced or otherwise affected by Hurricane Harvey. To date, the program has awarded $900,000 to
23 organizations
.
Grants are available in two categories: housing repairs and programming. Organizations may apply for both, but award amounts are capped at $50,000 per organization.
Organizations may still
apply
for grants,
but please note that if you wish to be considered for a grant before the end of the year, today is the deadline for submitting a proposal
. TSAHC and Enterprise Community Partners will continue to accept proposals after today, but we cannot guarantee that funding will still be available.
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Thank You to Our Giving Tuesday Donors
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TSAHC participated in Giving Tuesday on November 27th and is happy to announce that
we raised $5,600 from 18 donors
as part of the global giving event. All donations will directly support
Housing Connection
, our training initiative for nonprofit housing organizations.
If you didn't donate during Giving Tuesday, there's still time. Click
here
to make a donation in any amount.
If you donate $100 or more
, we'll list you as a 2019 Housing Connection sponsor and acknowledge you in our December newsletter. Sponsoring Housing Connection is a great way for REALTORS®, TSAHC-approved lenders, and other housing professionals to help prepare Texans for homeownership AND increase their visibility.
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December 24 - 26
- TSAHC offices will be closed in observance of Christmas.
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Below are November 2018 excerpts from
On the H
ouse
, a blog TSAHC launched in 2014 on affordable housing topics. We invite you to drop by
On the
House
as we explore important issues, provide an inside look into our programs, and share other valuable resources.
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TSAHC Partner Spotlight: The Federal Reserve Bank of Dallas
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Every quarter TSAHC spotlights a staff member or partner to help our readers get to know our mission and industry a little better. This week we interviewed Julie Gunter and Emily Perlmeter with the Federal Reserve Bank of Dallas to understand the important work their Community Development team does. TSAHC partners with the Federal Reserve Bank of Dallas Community Development team on various initiatives.
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The Impact of Low-Income Housing Tax Credits on Affordable Housing in Texas
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Low-Income Housing Tax Credits (LIHTCs) play a vital role in the development and preservation of affordable rental housing for low-income households. According to a 2017 article, LIHTCs fund roughly 90% of the country’s affordable housing developments. LIHTCs provide the key mechanism for providing equity in an affordable housing development.
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Some Texans May See a Credit Score Increase Thanks to a New Scoring Model
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Last week the Fair Isaac Corporation (FICO), the company that created the commonly used FICO credit score, announced that it will soon test out a new scoring model known as the UltraFico. The goal of UltraFico is to expand credit options for consumers whose traditional credit score may not qualify them for a mortgage or other financing.
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